The stock of Public Service Enterprise Group Incorporated (NYSE:PEG) increased by $0.65 on Tuesday to finish at $61.83, up 1.06 percent. The last five days have seen an average of 1,762,860 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $0.56. The average number of shares traded over the last 20 days was 2,070,795, while the average volume over the last 50 days totaled 2,198,636.
PEG stock dropped -2.04% since last month. On 08/15/23, the company’s shares reached a one-month low of $59.36. The stock touched a high of $69.27 on 07/21/23, after rallying from a low of $52.51 in 52 weeks. The price of PEG stock has risen by 0.91% or $0.56 this year, reaching a new high 9 times. Still, the stock price is down -10.74% from the 52-week high.
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Insider Transactions
PEG stock investors should be aware that Public Service Enterprise Group Incorporated (PEG) stock had its last reported insider trading activity 9 days ago on Aug 21. On Aug 21, Vice President and Controller Chernick Rose M sold 200 shares at $60.76 each. This transaction resulted in the insider making $12,152. On Aug 01, LaRossa Ralph A sold 8,074 shares at a price of US$64.45. After the transaction, the insider now owns 115,306 shares. Chair, President and CEO LaRossa Ralph A had earlier sold 4,168 shares on Jul 03 for $63.01 a share. The transaction was completed for $262,613.
Valuation Metrics
Public Service Enterprise Group Incorporated (PEG) has a trailing price-to-earnings (P/E) ratio of 11.13. Beta for the stock is 0.60. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.65, the price-to-book (PB) ratio of 2.04, and the price-to-cash flow ratio of 59.53.
Company paid $0.57 per share in dividends, remained unchanged from $0.57 last year.
Financial Health
For the three months ended June 29, Public Service Enterprise Group Incorporated’s quick ratio was 0.50, while its current ratio was 0.70, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.09, and the total debt to equity ratio is 1.31. Public Service Enterprise Group Incorporated’s EBITDA margin for the year ended June 29 was 39.25%, whereas its operating margin stood at 30.90% for the same period. Based on annual data, it had gross profit of $1.38 billion and revenue of $9.8 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PEG’s return on assets (ROA) during the last 12 months has been 5.70%. There was a 4.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.60%.
Earnings Surprise
According to Public Service Enterprise Group Incorporated’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $2.42 billion, while revenues rose by 14.25% to $3.75 billion. It was predicted that Public Service Enterprise Group Incorporated’s quarterly earnings would be $0.7, but it ended up being $0.63, beating the consensus by 11.10%. EBITDA was $1.12 billion for the quarter. At the end of Public Service Enterprise Group Incorporated’s most recent quarter ended June 29, its liabilities totaled 34.45 billion, while its total debt was $19.83 billion. Equity owned by shareholders amounts to $499.11 million.
Technical Picture
Here’s a quick look at Public Service Enterprise Group Incorporated’s (PEG) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 61.65%, suggesting the stock is Neutral, with a 9.94% historical volatility rate.
The stochastic %K and %D were 86.98% and 77.32% respectively, while the average true range (ATR) was 0.85. Based on the 14-day stochastic reading of 97.63%, the RSI (14) reading is 54.34%. On the 9-day MACD Oscillator, the stock is at 0.59, and the 14-day reading is at 0.78.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering Public Service Enterprise Group Incorporated (NYSE: PEG). The stock was rated as an Overweight by the brokerage firm. Analysts have assigned Public Service Enterprise Group Incorporated (PEG) an Overweight rating. PEG is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 9 others recommend it as a buy.
What is PEG’s price target for the next 12 months?
The current consensus forecast for the stock is between $62.00 and $72.00, with a median target price of $67.00. In analyzing these forecasts, the average price target given by analysts for Public Service Enterprise Group Incorporated (PEG) is $67.00.
